Yes Bank Limited — Others, 16-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

YES BANK has announced a board meeting to discuss the significant rectification order received from the Jurisdictional Assessing Officer regarding its income tax demand for the assessment year 2017-18. The latest order from the Centralized Processing Center has introduced an additional tax demand of ₹292.29 crore, along with increased interest calculations. The bank is contesting this demand, considering the calculations as unwarranted, and plans to file a rectification application. This update may heighten investor scrutiny, yet the bank remains optimistic about substantiating its position, suggesting a potential neutral impact on its financial health.